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Virginia · Nonprofit

VIRGINIA'S GATEWAY REGION T/A VIRGINIA'S GATEWAY REGION

VIRGINIA'S GATEWAY REGION T/A VIRGINIA'S GATEWAY REGION (Virginia) receives grants from 6 organizations whose IRS filings report $3,270,915 to it, the largest being GROW CAPITAL JOBS FOUNDATION ($1,742,472). 4 of them have funded it in more than one year.

Revenue FY2025
$918k
Funders on record
6
Grants received
$3.3M
Net assets
$2.0M
4/6 repeat funderspeak grant-dependency 50%
01What it does

What Virginia's Gateway Region T/A Virginia's Gateway Region does

Mission

The organization exists to enhance the economic development opportunities for the cities of colonial heights, hopewell and petersburg, and the counties of dinwiddie, prince george, surry and sussex.

As stated on its FY2025 Form 990.

Program

  1. The organization facilitates new business opportunities, works with existing business, advances resources that will enhance the economic viability of the region and fosters regional cooperation among the public and private entities that are involved in economic development activities. The organization's mission is to foster regional prosperity through business growth, powerful partnerships and delivering innovative resources to its communities.

    $888,649 spent
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $888,649.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($1.5M) Expenses 100 ($770k) Net assets 100 ($3.2M)2018 Revenue 37 ($538k) Expenses 86 ($661k) Net assets 96 ($3.1M)2019 Revenue 53 ($772k) Expenses 107 ($826k) Net assets 95 ($3.1M)2020 Revenue 59 ($854k) Expenses 152 ($1.2M) Net assets 85 ($2.7M)2021 Revenue 54 ($787k) Expenses 134 ($1.0M) Net assets 77 ($2.5M)2022 Revenue 119 ($1.7M) Expenses 164 ($1.3M) Net assets 90 ($2.9M)2023 Revenue 109 ($1.6M) Expenses 252 ($1.9M) Net assets 79 ($2.6M)2024 Revenue 84 ($1.2M) Expenses 190 ($1.5M) Net assets 71 ($2.3M)2025 Revenue 63 ($918k) Expenses 151 ($1.2M) Net assets 63 ($2.0M)
'17'18'19'20'21'22'23'24'25
Revenue (63)Expenses (151)Net assets (63)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $2.7M to $3.3M (+23%).

$3.4M
$3.2M
$3.2M
$3.0M
$2.7M
$3.3M
$2.8M
$2.4M
$2.2M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 21% · 2018 63% · 2019 51% · 2020 50% · 2021 47% · 2022 24% · 2023 32% · 2024 55% · 2025 63%. Grants only. Government contracts and fees sit inside program revenue.

94% of VIRGINIA'S GATEWAY REGION T/A VIRGINIA'S GATEWAY REGION’s revenue is contributions — more donation-reliant than the typical peer (62% for the typical peer).

This organization
Typical peer · 12,439 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 7 of the last 9 reported years ran a deficit.

$689k
’17
−$122k
’18
−$55k
’19
−$315k
’20
−$248k
’21
$471k
’22
−$351k
’23
−$240k
’24
−$245k
’25
20
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Keith Boswell

President and CEO

Board chair

Rex Davis

Chairman

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2017 and FY2018 filings.

'17'18'19'20'21'22'23'24'25
Listed262726242929322522
Joined·+7+6+3+6+3+4+8+4
No longer listed·675131157
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 2 funders to 3 funders, grant income rose $383k → $556k.

From the IRS filings of VIRGINIA'S GATEWAY REGION T/A VIRGINIA'S GATEWAY REGION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

VIRGINIA'S GATEWAY REGION T/A VIRGINIA'S GATEWAY REGION leans on a few funders — its largest provides 53% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

54% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund VIRGINIA'S GATEWAY REGION T/A VIRGINIA'S GATEWAY REGION.

53%
largest funder
100%
top three
~2
effective funders

Largest funder’s share by year: 2017 99% · 2018 98% · 2019 98% · 2020 57% · 2021 75% · 2022 83% · 2023 89% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

99% of VIRGINIA'S GATEWAY REGION T/A VIRGINIA'S GATEWAY REGION's grant income comes from Virginia funders.

VA
NC

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Virginia out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

VIRGINIA'S GATEWAY REGION T/A VIRGINIA'S GATEWAY REGION holds deeper cash reserves than three-quarters of the 7,175 community improvement nonprofits its size.

Operating margin−27% · bottom quartile
Months of reserve20.2mo · top quartile
Revenue growth (annualized)−6% · bottom quartile

this organization peer median middle 50% of peers· 7,175 community improvement nonprofits $100k–$1M, FY2025

Organizations like VIRGINIA'S GATEWAY REGION T/A VIRGINIA'S GATEWAY REGION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Virginia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

76% of spending goes to programs.

Program 76%Management 6%Fundraising 17%

Governance

21
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

90%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

VA

Part of a family of 1 related entity

  • Crater Regional Partnership · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for VIRGINIA'S GATEWAY REGION T/A VIRGINIA'S GATEWAY REGION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds VIRGINIA'S GATEWAY REGION T/A VIRGINIA'S GATEWAY REGION?
VIRGINIA'S GATEWAY REGION T/A VIRGINIA'S GATEWAY REGION (Virginia) receives grants from 6 organizations whose IRS filings report $3,270,915 to it, the largest being GROW CAPITAL JOBS FOUNDATION ($1,742,472). 4 of them have funded it in more than one year.
How many funders does VIRGINIA'S GATEWAY REGION T/A VIRGINIA'S GATEWAY REGION have?
IRS filings report 6 organizations giving $3,270,915 in grants to VIRGINIA'S GATEWAY REGION T/A VIRGINIA'S GATEWAY REGION, 4 of which have funded it in more than one year.
Who is the largest funder of VIRGINIA'S GATEWAY REGION T/A VIRGINIA'S GATEWAY REGION?
GROW CAPITAL JOBS FOUNDATION is the largest funder on record, with $1,742,472 in grants. The full list of funders is on this page.
How can an organization like VIRGINIA'S GATEWAY REGION T/A VIRGINIA'S GATEWAY REGION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Virginia's Gateway Region T/A Virginia's Gateway Region →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing